THE STANDARD BANK OF SOUTH AFRICA LIMITED - Tap Issuance Announcement - CLN687?

Tap Issuance Announcement - “CLN687”

The Standard Bank of South Africa Limited
Tap Issuance Announcement - “CLN687”

Stock Code:    CLN687
ISIN Code:     ZAG000169053

The JSE Limited has granted a tap issuance to The Standard Bank
of South Africa Limited of CLN687 Senior Unsecured Floating Rate
Credit Linked Note due 21 December 2026 - sponsored by The
Standard Bank of South Africa Limited (acting through its
Corporate and Investment Banking Division), under its Structured
Note Programme.

Authorised Programme size          ZAR60,000,000,000
Total notes issued
(including current issue)          ZAR47,874,410,265.93
Full Note details are as follows

Tap Issue Date:                    06 July 2020
Tap Amount:                        ZAR50,000,000
Total Nominal Issued:              ZAR150,000,000
(under series 709)
Coupon Rate:                       Three-month     ZAR-JIBAR-SAFEX
                                   plus 3.05%, capped at 9.20%;
Coupon Indicator:                  Floating
Trade Type:                        Price
Tap Issue Price:                   ZAR50,215,200
Maturity Date:                     21 December 2026
Interest Commencement Date:        Issue Date
First Interest Payment Date:       21 September 2020
Interest Payment Dates:            Each   21   March,   21   June,
                                   21 September and 21 December
                                   of   each   year    until   the
                                   Maturity Date
Business Day Count/Convention:     Actual/365      (Fixed)     and
                                   Following Business Day
Books Close:                       Each   16   March,   16   June,
                                   16 September and 16 December
                                   of   each   year,   until   the
                                   applicable Interest Payment
                                   Date
Last day to register:              17h00 on 15 March, 15 June,
                                   15 September and 15 December
                                   of each year, or if such day
                                   is not a Business Day, the
                                   Business   Day    before   each
                                   books closed period
Placement Agent:                   The Standard Bank of South
                                   Africa Limited
Additional Terms and Conditions: Investors should study the
Pricing Supplement for full details of the specific terms and
conditions applicable to this specific issuance.


Notes will be deposited in the Central Depository (“CSD”) and
settlement will take place electronically in terms of JSE Rules.
Dated 03 July 2020
Sponsor – The Standard Bank of South Africa Limited

For further information on the Note issued please contact:
Johann Erasmus           SBSA (Sponsor)
Email: johann.erasmus@standardbank.co.za

Date: 03-07-2020 11:04:00
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